trending Market Intelligence /marketintelligence/en/news-insights/trending/hw5uf7ob21e0fihcf7tznq2 content esgSubNav
In This List

Akzo Nobel to sell specialty chemicals unit for €10.1B

Podcast

Private Markets 360° | Episode 2: ESG maturity in private markets (with Josh Green of Novata)

The Cobalt Expansion Drive Is A Copper Story

Blog

IPEM 2023: Industry Outlook & Key Takeaways- In Crisis Lies Opportunity

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk


Akzo Nobel to sell specialty chemicals unit for €10.1B

Dutch paint producer Akzo Nobel NV will sell its specialty chemicals business to U.S. private equity firm The Carlyle Group and Singapore's sovereign wealth fund GIC Pvt. Ltd. for an enterprise value of €10.1 billion.

Akzo Nobel expects to receive a cash payment of €8.9 billion, with net proceeds estimated at about €7.5 billion.

The deal is in line with the Dutch company's strategy announced in April 2017.

The transaction is projected to be completed before the end of 2018, subject to customary closing conditions.